You may be wondering how much motorhome insurance costs. Here are a few tips to keep costs down. Class C motorhomes, which are the traditional mid-sized motorized RVs, cost the least to insure. Class A motorhomes, on the other hand, are the largest and most expensive. You can lower your insurance premium by securing your motorhome with locks, clamps, and trackers. You can also increase your excess to reduce the premium and reduce the amount of money you have to pay in the event of a claim.
Class C motorhomes are the classic mid-sized motorized RVs
Typically, Class C motorhomes have a bunk above the driver and passenger seats and are equipped with storage tanks, shower, toilet, and bathroom. Some have multiple bathrooms. Some also feature outdoor entertainment centers. A Class C motorhome also has a television that is mounted behind the cockpit or to one side of the living space. It’s important to keep safety in mind when choosing a class C motorhome.
A Class C motorhome is relatively easy to drive. Unlike a travel trailer, it doesn’t require a truck to tow it, making it easier to maneuver. Passengers can prepare a meal, sleep, and use the restroom without having to stop for a break. But a Class C motorhome does have its pros and cons. The main disadvantage is that you don’t have a vehicle to explore the campsite after you’ve set up camp.
Class A motorhomes are the largest and most expensive to insure
Insurers charge higher premiums for Class A motorhomes than for other types of RVs. The largest motorhomes, which can cost up to $2 million, have very high insurance rates. Generally speaking, a class A motorhome insurance policy will cost at least $1,200 per year. However, the higher the class, the more expensive it will be. Class C motorhomes are a good compromise between price and gas mileage. Insurance premiums for a class C motorhome range from $125 per year to over $1,500 for a Class A.
Depending on your state, the cost of class A motorhome insurance can vary. The average cost of insuring one of these RVs is between $1,000 and $1,300 per year. The cost of insurance for a class B motorhome will depend on factors such as the size of the motorhome, age, value, and frequency of use. You can save money by comparing insurance rates from several companies before making a decision.
Uninsured or underinsured motorist coverage is relatively cheap
Underinsured or uninsured motorist coverage protects you from the financial consequences of a car crash caused by an underinsured motorist. This type of insurance is usually inexpensive and only required by law in some states. It is important to understand that this type of insurance does not cover property damage, but it can compensate for medical expenses and lost wages. Many drivers do not carry liability insurance, but this type of coverage is often required by law and can help protect your assets if you’re at fault in an accident.
Unlike liability insurance, uninsured and underinsured motorist coverage is relatively inexpensive. The cost of uninsured motorist coverage is typically around two to three percent of your total insurance bill. A one-thousand-three-hundred-dollar insurance bill will include $6 per month for UIM coverage. Many states now require UIM coverage as part of the minimum car insurance requirements.
Minimum requirements for coverage
While your state may require you to carry a minimum amount of motorhome insurance, this may not be enough to protect your assets. A towable RV’s liability extends from the tow vehicle, so the state minimum is not adequate. You should also carry enough liability coverage to cover any damages that occur to you and others when traveling. If an accident does occur, you could be personally liable for any damages, including medical expenses and lost wages.
In addition to liability and comprehensive coverage, you should consider uninsured motorist coverage. This type of coverage extends to RVs and uses a split limit format. The limit is per person and per accident, and in some states this coverage is required. This coverage may not be required, so make sure you check your state’s laws on this coverage. While this type of coverage is not necessary for most drivers, it is still important to have, especially if you’re traveling in an area where it’s difficult to find such coverage.